The Federal Competition and Consumer Protection Commission (FCCPC) has assured pay television service subscribers in the country of its plan to review recent price hike by MultiChoice, the services’ provider, of its cable subscriptions to ensure subscribers in Nigeria get value for their money. Recall that the leading pay TV operator, recently announced increase in […]
Technology
Capital Budget Release To MDAs Will Commence In May – AGF
The Accountant General of the Federation (AGF), Mrs. Oluwatoyin Madein, has disclosed that capital budget releases for Ministries, Departments and Agencies (MDAs) for 2024 fiscal year will commence next month. She made this disclosure on Thursday at a one-day Stakeholders interaction/sensitization session on the revised policy on cash management and bottom-up cash planning held in Abuja. […]
NNPCL Seals Pact On 100,000BPD-Capacity Facility Within P/Harcourt Refinery
The Nigerian National Petroleum Company Ltd (NNPCL) has announced the signing of an agreement with African Refinery for a share subscription agreement with Port-Harcourt Refinery, which will enable the parties to run a 100,000bpd refinery within the Port-Harcourt Refinery complex. This disclosure was contained in a press statement on the company’s official X handle, which […]
ALTON, ATCON Set Telecoms Industry’s Growth Imperatives For FG
The Association of Licensed Telecom Operators of Nigeria (ALTON) and the Association of Telecommunication Companies of Nigeria (ATCON), two umbrella bodies representing Mobile Network Operators (MNOs) and telecommunication companies in Nigeria, have called upon the government to take decisive action in addressing the current challenges undermining the growth of the nation’s telecommunications industry. In a statement […]
FIRS’ Chairman Advocates Capacity Building Among CATA Members
President of the Commonwealth Association of Tax Administrators (CATA) and chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has advocated the need for increased capacity building to enhance tax administration processes among members of the global body. A statement by the chairman’s Special Adviser on Media, Dare Adekanmbi, indicated that the tax […]
FG Appoints Sen. Akume As New Chairman Of NEITI NSWG’s Board
President Bola Tinubu has approved the re-constitution of 15-member board of the Nigeria Extractive Industries Transparency Initiative’s (NEITI’s) National Stakeholders’ Working Group (NSWG). The Executive Secretary/Chief Executive Officer of NEITI, Orji Ogbonnaya Orji, who gave this hint during a media chat on Wednesday, said the Secretary to the Government of the Federation (SGF), Sen. George Akume, was […]
FG Introduces Fiscal Incentives To Boost Oil & Gas Sector’s Performance
….Targets $10Bn Foreign Direct Investment The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has signed the Consolidated Guidelines for the implementation of Fiscal Incentives for the Oil & Gas Sector – a key component of the Federal Government’s fiscal reforms agenda aimed at enhancing the performance of the […]
Philippines SEC Orders Apple, Google To Delist Binance From App Stores
The Philippines Security and Exchange Commission (SEC) has directed Apple and Google to remove Binance app from their App stores for users in the country. According to a news report from CoinTelegraph, the SEC had formally requested that Apple and Google to remove applications operated by Binance, the biggest crypto exchange in the world. In […]
NERC Transfers Electricity Market’s Regulatory Oversight To Ekiti, Ondo Bureaus
Nigerian Electricity Regulatory Commission (NERC) has directed the transfer of its regulatory oversight of the electricity market in Ekiti to the Ekiti State Electricity Regulatory Bureau (EERB) and also the regulatory oversight of the electricity market in Ondo State to the Ondo State Electricity Regulatory Bureau (OSERB). The directive, contained in a statement issued by […]
FG Launches Digital Platform For Enhanced Oversight Of Duty Exemptions
The Minister of Finance and the Coordinating Minister of the Economy, Mr Wale Edun, has announced the integration of the Incentive Monitoring and Evaluation Platform (IMEP) into the Import Duty Exemption Certificate (IDEC) programme, thereby allowing for enhanced monitoring and evaluation of revenues from imports into the country. A statement issued by the ministry’s Director, […]